DONG CURRENCY NEWS========
Dong advances after central bank sets stronger rate
The Vietnamese dong advanced after the central bank set a stronger reference rate for trading.
The State Bank of Vietnam Friday set a reference rate of VND15,961 versus the dollar, compared with VND15,963 Thursday, according to its website.
The currency is allowed to trade up to 1 percent on either side of that rate.
The Dong rose 0.06 percent to VND16,110.50 a dollar, according to data compiled by Bloomberg.
Vietnam’s benchmark bonds Friday fell for a sixth day on speculation the government’s measures to stem inflation are reducing cash used by banks to invest in debt.
The yield on the five-year note climbed 6 basis points to 9.88 percent, according to a daily fixing price from banks, compiled by Bloomberg.
A basis point is 0.01 percentage point.
Source: Bloomberg
Story from Thanh Nien News
Published: 26 April, 2008, 10:44:22 (GMT+7)
Copyright Thanh Nien News
